Fargo, ND
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Bethany Homes Inc, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 361% from the prior year, signaling strong growth momentum. The organization ran a surplus of $930K, a strong 87% operating margin.
To provide living opportunities in a senior community shaped by Christian values.
Bethany Homes, Inc., dba Bethany Retirement Living, is the parent corporation of the following nonprofit organizations: American Lutheran Homes, Inc. (skilled nursing, transitional care, basic care...
Bethany Homes, Inc., dba Bethany Retirement Living, is the parent corporation of the following nonprofit organizations: American Lutheran Homes, Inc. (skilled nursing, transitional care, basic care and assisted living 294 residents) Bethany on 42nd (skilled nursing, assisted living, and senior housing 214 residents) Bethany Home Health Care (personal health care services 64 clients per month)During 2024, Bethany solicited donations to support these subsidiary Continued on Schedule O...programs. Bethany Homes, Inc. also provided funds to support chaplaincy services in the assisted living facilities.Donations were received to establish endowment funds to support nursing education for Bethany employees. The Lorraine Krenelka, Catherine Larson, and Kim Marchell Scholarship Programs, Health Education Loan Program (HELP), and Bethany student loan repayment bonus program provide funding for seminars, workshops, and higher education degree programs for eligible Bethany employees.The Bethany Homes North Dakota Tax Credit Endowment Fund was established in 2014, a qualified endowment under Section 57-38-01.21 of the North Dakota Century Code. The Tax Credit Endowment Fund is restricted to providing financial support in furtherance of the specifically expressed charitable purpose and mission of Bethany Homes.Bethany partners with two other nonprofit organizations, Eventide (Moorhead, MN) and Vivie (Alexandria, MN) to operate BEK Care (dba Ethos Home Care and Hospice), a 501(c)(3) organization which provides home health and hospice services to the Fargo-Moorhead and surrounding communities.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,064,296 | $230,624 | +3.6% |
| Expenses | $133,939 | $142,082 | -0.1% |
| Net Income | $930,357 | $88,542 | +9.5% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Jack Rydell | Chair (Jan-Mar) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Paulette Amundson Chair | (Apr-Dec) Vice Chair (Jan-Mar) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dan Beauchamp Vice Chair | (Apr-Dec) Trustee (Jan-Mar) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Roger Olson | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Bruce Davidson | Secretary (Jan-Mar) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Ben Carlsrud | Secretary(Apr-Dec) Trustee(Jan-Mar) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| John Hertsgaard | Trustee (as of April) | 1.00 |
Director
|
$0 | $0 | $0 |
| Lianne Rockstad | Trustee (as of April) | 1.00 |
Director
|
$0 | $0 | $0 |
| Neal Eriksmoen | Trustee (Jan-Mar) | 1.00 |
Director
|
$0 | $0 | $0 |
| Martha Leclerc | Trustee (Jan-Mar) | 1.00 |
Director
|
$0 | $0 | $0 |
| Beth Renner | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Cheryl Anderson | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Jerilynn Bratner-Adams | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Laura Ness Owens | Trustee (as of April) | 1.00 |
Director
|
$0 | $0 | $0 |
| Rick Steen | Trustee (as of April) | 1.00 |
Director
|
$0 | $0 | $0 |
| Shawn Stuhaug | President/CEO | 2.00 |
Officer
|
$0 | $26,199 | $399,400 |
| Kaye Angus | CFO | 2.00 |
Officer
|
$0 | $16,649 | $157,799 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,064,296 | $133,939 | $19,379,437 | $930,357 |
| 2023 | $230,624 | $142,082 | $7,783,951 | $88,542 |
| 2022 | $345,387 | $142,079 | $6,934,980 | $203,308 |
| 2021 | $579,747 | $146,759 | $7,716,796 | $432,988 |
| 2020 | $493,215 | $156,348 | $6,781,395 | $336,867 |
| 2019 | $266,777 | $172,719 | $5,521,157 | $94,058 |
| 2018 | $300,446 | $227,021 | $4,691,934 | $73,425 |
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